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Microsoft will acquire LinkedIn for $26.2 billion, or $196 per share, the company announced today.

In announcing the deal, Microsoft CEO Satya Nadella noted Linkedin's continued growth, broad professional user base, and the potential for greater alignment with Office 365 and Dynamics.

"The LinkedIn team has grown a fantastic business centered on connecting the world's professionals," Nadella said in a statement. "Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet."